Torres Paterna II

Type of opportunity: Loan.         Modality: Development Loan.

New development loan project in Valencia: 10% in 12 months!

Torres de Paterna is our newest development loan opportunity. The loan will go towards the construction of an apartment building in Paterna, Valencia. The building will have a total of 59 apartments. 

It is important to note that:

• The first loan (Torres de Paterna) was used for the purchase of the land and the necessary steps to carry out the construction of the building.
• The land will be purchased with two basement floors already having been built and included in the purchase. The developer will continue the construction with the help of this loan.
  
• The construction permit was granted already, as the construction of the basements has started. The developer will continue with the renovation of the basements and construction of the rest of the apartment building. 
  
• It is a development loan opportunity; therefore, you will not have to wait for the sale of the building, you begin to earn income from the first month until the developer repays the entire loan. The interest is 10% in only 12 months!!
  
• The scoring of this opportunity is E. 
  
• All of the fixed rate opportunities financed on our platform are distributing interests with an average profitability over 9%
• Remember that you can always as an investor, get in touch with the rest of investors to sell your investment in the Marketplace.

The building has an elevator and 59 apartments in total. The apartments are all exterior and each one has a private terrace. The distribution is as follows: 

• Each floor is distributed between 4 apartments of 120 square meters. Each apartment has 3 bedrooms (one master bedroom with a walk-in closet and in-suite bathroom), two bathrooms, and a large, closed kitchen. 
  
• On the top floor there are two penthouse apartments with large terraces. 
  
• There will be two basement floors with garages and storage rooms for every apartment.

While the town of Paterna used to be a region dedicated agricultural activity, in recent years it has grown into a more a residential and industrial region. Due to this, many young couples and families have been moving to the region. This town, with a population of over 67,000, has a rich cultural and architectural heritage. In addition, the area is perfectly connected to Valencia by road and public transport. The town connects with line 1 of the Valencia Metro and line 4 of the tram.

The project developer CONSTRUBECKER SL has over 25 years of experience both nationally, (mostly concentrated in Valencia and the surrounding area) and internationally, with international projects in the Dominican Republic and Algeria among others.

In addition, it is important to note that GOC carries out the monitoring of all development loan projects so there is permanent control of the capital contributed by the investors.

Location